Recession is coming?
@geraldHE2020 (9)
Bogor, Indonesia
10 responses
@LadyDuck (470748)
• Switzerland
24 Jul 20
@nawala123 Not a large percentage, but some lost their jobs and it's hard to get a new job for young people.
1 person likes this
@petatonicsca (7070)
• Japan
23 Jul 20
Honestly, i don't think Japan and Korea are the ones who will have to worry so much although we certainly will feel it. (I live in Tokyo.) I think the US is going to be the hardest hit.
@LadyDuck (470748)
• Switzerland
23 Jul 20
Japan has already been hit by recession
TOKYO (AP) — Recession-hit Japan's exports plunged nearly 22% in April, marking their worst drop in more than a decade, as the coronavirus pandemic slammed global demand for autos, machinery and...
1 person likes this
@LadyDuck (470748)
• Switzerland
24 Jul 20
@nawala123 I know this is going to affect ALL countries around the world, because now there is globalization, it is a "domino effect".
1 person likes this
@maximax8 (31046)
• United Kingdom
23 Jul 20
Yes, Covid-19 is very powerful in every country that it arrives in. Most businesses had to close for some time. Only supermarkets had to stay open. Therefore Japan and South Korea probably go into a recession. England has had a few recessions in my lifetime. My guess is it might affect many more countries.
@MisisAmparo (136)
•
23 Jul 20
We'll, its been going on in months and we are actually seeing those effects of Covid19 tearing down a country's economy especially if the sources comes from remittance or tourism or the services provided. I think all country will experience recession during these trying times. It is inevitable.
Welcome to Mylot. I enjoy the discussion.
@louievill (28851)
• Philippines
23 Jul 20
By now we should all be getting ready for a recession or worst a depression, there are so many blogs and videos on the web on how to recession proof your life , people should just pick methods that are applicable in a particular situation or place, they are not 100% guaranteed effective but it's better than doing nothing when we know something is coming.
Btw welcome to Mylot
@psanasangma (7278)
• India
23 Jul 20
There are possibilities, as Virus are contagious, transportation of goods from one place to other place could be good career of a Virus also which will be politicized and lesser goods to be received and minimal material to avails from other country.
@Deepizzaguy (102072)
• Lake Charles, Louisiana
23 Jul 20
There are reports from alternate media that the deep state which is the secret society that run the world's money want to send our money supply into a recession.
@amitkokiladitya (171928)
• Agra, India
23 Jul 20
The same holds for each and every country at present and in the future as well